Apple won a temporary pause Wednesday on the U.S. International Trade Commission's decision to ban sales of Watch Series 9 and Watch Ultra 2 models in the United States.
Why it matters: The U.S. Court of Appeals for the Federal Circuit's interim order prompted Apple to announce that it would resume selling the wearables in stores around the country on Wednesday and online from 3pm Thursday ET as the tech giant continues to appeal the ban.
The House Ethics Committee announced Wednesday an investigation into Rep. Sheila Cherfilus-McCormick (D-Fla.) over allegations of campaign finance law violations.
Driving the news: The panel announced a subcommittee will investigate the allegations surrounding campaign finance law violations regarding her "2022 special election and/or 2022 re-election campaigns," according to its Wednesday statement.
The NBA approved on Wednesday billionaire Mark Cuban's majority stake sale in the Dallas Mavericks to the families that run a Las Vegas casino company.
Why it matters: The deal, estimated at around $3.5 billion, allows Cuban to retain oversight of the team's basketball operations and could enable the family to build a new arena and push for legal gambling in the state, per Axios Dallas.
U.S. public pensions have invested more than $68 billion into private Chinese entities over the past three years, ending June 30, according to data from pro-democracy trade advocacy group Future Union.
Retail trading giant Robinhood has announced a deal to acquire U.K.-based Chartr Limited, a media company that specializes in data visualization and newsletters, to add to its in-house, independent media brand Sherwood Media.
Why it matters: The acquisition is intended to help Sherwood expand its editorial offerings as it gears up to launch a news hub early next year.
Why it matters: Apple continues to be the largest smartwatch seller in the world and while the company saw a decline in revenue last quarter, it also touted 2 billion active devices, which Tim Cook attributed to "a lot of first-time buyers in the case of the Apple Watch."
There's new hope for avoiding the dreaded holiday return line — you can complete some of your returns without getting out of the car or leaving the house.
Why it matters: At a time when some retailers have added return fees or surcharges, others have rolled out convenient options to make returns easier.
The big picture: The co-working space company's current market cap sits below $30 million after filing for bankruptcy protection in November, per Axios' Hope King.
Digital Currency Group CEO Barry Silbert on Tuesday resigned from the board of subsidiary Grayscale Investment, as did DCG president Mark Murphy.
Why it matters: Grayscale and around a dozen other applicants are racing to finalize applications for spot bitcoin ETFs, after the SEC reportedly instructed them to submit any changes before year-end.
Anglo-Swedish pharma giant AstraZeneca will acquire China-based cell therapy biotech Gracell Biotechnologies for $1.2 billion.
Why it matters: AstraZeneca, one of the biggest drugmakers in China, reportedly plans to spin off its business in the region to protect itself from political tensions while retaining control of the business.
Israel's government has awarded a $3.2 billion grant to Intel as part of a $25 billion investment the chip company is making in a manufacturing facility roughly 40 miles south of Tel Aviv, both sides reportedly said Tuesday.
Why it matters: Confirming Prime Minister Benjamin Netanyahu's preliminary June announcement, Intel's increased investment in Israel comes at a tumultuous time for the country's economy amid the ongoing war with Hamas.
